The problem is on the back it's quite faded so I can't tell what mint it is, I have no history of the coin it just made it's way into my possesion on my travel in America. I believe someone gave it to me but that was a long time ago and i've forgotten who it was. I just found it the other day lying about the place in the UK. I'm assuming even if it's weathered more on back than front that if it's a rare grade it might be worth something. Am I wrong? How do i tell? Thank you who ever you are for helping me.
2007-03-23 10:23:56 · 3 answers · asked by Nick 1 in Games & Recreation ➔ Hobbies & Crafts
Go to a local coin club in your area and get an unbiased opinion.
A coin dealer is in business to make money .He will low ball the value so he could buy it cheap.
Coin dealers prey on the unknowing .
Education is the key to making a profit
2007-03-24 15:59:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If it is well worn on the reverse it will effect it's all over grade. The only two 1882 coins that have a lot of value is the one with the CC on it and there was an O over S. Your coin may never had a mint mark anyway, for the ones minted at the Philadelphia mint (mintage 11,1000,000) , didn't have one. A coin can be buffed up to look pretty good and would reflect light. Use a magnifier to look for small scratches on the obverse, if there it was buffed up. If that is the case then it is considered a damage coin. here in the USA it is at least worth 7 to 8 times faces for it's silver content. it is not a rare grade for both sides have to be in top notch condition. You have a piece of our history for that dollar cold have made it's way out west to a salon and bought a bottle of red eye whiskey for a gunfighter of the old west. You have a coin of ours and I just bought a British 1797 penny , you see a lot of coins from GB were used here in the states in the early years of this country. Sorry I could not tell you that you are rich.
2007-03-23 11:41:15 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
The quickest and easiest way to find out what a coin is worth is to take it to a dealer and have him appraise it. \For an 1882, chances are it is probably worth only a little more than 'melt' value (what a coin is worth in metal when melted - about $15 to $20) if it is so worn that you cannot make out the mint even. Only the 1882-CC is worth more than melt (Carson City Mint silver dollar) Also, coins are usually graded by the worse side, not the better one.
2007-03-23 10:54:10 · answer #3 · answered by Soni H 3 · 0⤊ 0⤋